CADCHF EXPECTATION

After making a 85 pips profit in our last trade on this pair... In this setup, we have a two trading possibility. Find below;

Tendency: Temporary Uptrend ( Bullish )
Structure: The Three Drive Pattern forming
Observation: i. Looking at a potential completion of Three Lower Lows indicated on the chart as Drive 1, 2 and 3 signalling a potential reversal is very high.
ii. Confirmation of an approximate of 0.618 retracements on each drive.
iii. Price appears to run through a last correction move to Drive 3.
iv. Price rejects Moving Averages at 0.75000 zone confirming a new resistance.
Trading Plan: i. SELL now to complete rally down to DEMAND zone with a potential profit of 100pips
ii. BUY at DEMAND zone with potential TP1 and TP2 (165pips) and SL @ 0.73300/0.73100zone.
Risk/Reward: 1/4
Potential Duration: 3 to 7 days

** Please note that Stop Loss is subject to individual risk appetite per trade and account size.

Watch this space (https://t.me/nirvanaconsorts) for an update on this pair


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